ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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fixed regular expense
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fixed irregular expense
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Either A or B
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None of the above
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Detailed explanation-1: -Fixed expenses or costs are those that do not fluctuate with changes in production level or sales volume. They include such expenses as rent, insurance, dues and subscriptions, equipment leases, payments on loans, depreciation, management salaries, and advertising.
Detailed explanation-2: -Fixed expenses generally cost the same amount each month (such as rent, mortgage payments, or car payments), while variable expenses change from month to month (dining out, medical expenses, groceries, or anything you buy from a store). TIP.
Detailed explanation-3: -Examples of fixed expenses include: Rent or mortgage payments. Car payments. Other loan payments.
Detailed explanation-4: -Some examples of fixed expenses include: Mortgage or rent payments.
Detailed explanation-5: -Fixed expenses, such as rent, stay the same from month to month. Variable expenses are ones that can change, such as gas or food. Cutting costs on fixed expenses can help you save money by lowering your overall bills.